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with things that might do better. >> there are 9 states who don't have a personal income tax. you compare the state of vermont with the state of new hampshire. new hampshire has no sales tax or personal income tax and does better over time than the neighboring state of vermont that is a so-called progressive state. on a national level change the constitution or we will end up with a income and a consumption tax. >> unfortunately the constitution was changed in order to bring in the income tax. >> you have to change or we would get the both. >> you are against the idea of bobby gindale. >> i don't like sales tax. we saw the experiment in europe with that. they are onerous often than income tax . they are sneaky, too. it is vast and they are put in every element of sales and you don't know what the true tax rate and the cost. gin dale's program is to replace one source of government to do with another. it doesn't reduce what john and i would like to reduce the flow of money to the government. >> milton freeman didn't like national sales tax because it is too easy for governments to raise mo
that there was and excuse the word legitimacy to this. i still don't feel that way. but at least i know to my great satisfaction that money didn't change hands. my family is thrilled and delighted. and based on my family's enthusiasm, then i can live with this. >> this includes harry. >> harry doesn't know, doesn't care. the idea of going to the white house, i think, will really get his attention. but the rest of the family couldn't be more thrilled. so to me that's reason enough. and couldn't be happier and more grateful to the folks who made this mistake. >> it's a really classy group to be associated with. as you mentioned, johnny carson. you were there for that. >> i was there for that night. and i remember i was to follow ted koppel and it was the first of pain times i had to follow ted koppel. and that's to the where you want to be. because he is very, very funny. and as i said that night, maybe a little too funny for a newsman. this was, gosh, 90-- i don't know, way, way back, a long time ago, '94, something like that. >> rose: one of your guests tonight is one of the funniest newsmen we've
this is great news for jobs, but with nearly 16 1/2 trillion dollars in debt someone here says if don't start trimming the fat now, we're only killing more jobs later. so, who is right? hi, everyone, i'm brenda buttner, this is bulls and bears. let's get right to it, the bulls and bears this week, gary b smith, tobin smith. jonas m ferris and gary and caroline. welcome to everybody. gary k, the year is one week old and congress passing billions of new pork and you say bad sign for jobs in the newyear. why is that? >> could have,look, it never ends. 430 million dollars for hollywood producers so they do movies in the u.s. versus other places? that's crazy. look, when you continue to raise spending it ends up being a tax on the economy, it keeps the headwinds on the economy, still at 7.8%, if you add in the people that came out of the work force we're more like at 11. it does nothing for nobody because government is inefficie inefficient, there is no profit motive and the inefficiencies because of that does notng for the economy going forward. >> brenda: jonas, doesn't it do something? might cr
in journalism. sometimes they don't like to work together, but we tried to experiment. so far so good, as they say. >> host: why did it work for so long? >> guest: we think it worked because a similarity of work ethics. we both love to research and report. in effect, we both say that means we are of sound mind. nighter it means we like to -- nighter one likes to ride because that also means we are sound mind. similar work habits. i think a belief down deep of fairness in government and some case private interests and not always treat the average person fairly, and we sort of realize that early on in the partnership one way or another we have been writing about that ever since. >> host: donald barlett, the remember what your first project for the philadelphia enquirer was in 1971? >> guest: oh, yes. federal housing administration, fha. it was the fascinating project because it dragged on for two years. >> guest: they thought there were going to put this together for about three months, and we wrote some articles after three months, and it generated a tremendous response. what happened
-seven. >yeah, i don't want to embarrass you. but he's probably made more money last month than we made all year, okay? you know, seriously, i mean one of his things it talks about how he generated 200,000 dollars in a single month. anybody do that? alright great, anybody at home you want to listen up. this is an amazing show and that's why i invited this young man back. uh.. how did you get started making money online? >>well actually i started going to college and i was going to go to law school so that was kind of my plan, and uh.. my dad has always been very wealthy. he was a self-made millionaire with real estate and when i started going to college when i went off to college, right as i got in my dad lost all of his money. he had taken all of his retirement from real estate and invested it in s- the stock market and he lost all of it so when i was my first day they were seeing me off to college and dad say "adrian, i want you to make sure that when you choose a career while you're in school that you choose a career that you have control over, and uh.. that will give you financial stability.
of alabama. no, i'm dead serious. i'm not really that shocked. >> you don't want to end up like brent musburger. >> no, it's the opposite of brent musburger, and i'm dead serious. if you go to ole miss, if you go to the university of alabama, if you go to auburn, even. i guess you yankees aren't used to -- >> we don't have that in the north. >> no, i'm dead serious. i mean, you look -- you know what? seriously, i looked at that picture and said, she's pretty. and you know what she looks like? she looks like a lot of other really pretty sorority girls at university of alabama or ole miss or auburn or i don't know. do you guys have them up at swanee? >> absolutely. >> i mean sororities. >> yeah. >> do you have sororities? >> absolutely. >> it's just not all that. get over it, move on. >> he doesn't get out a lot. >> you've got a dynasty. >> this is a different kind of s.e.c. dynasty. >> yeah. but we're used to it. we're used to it. >> this is not going to go on for nine minutes. >> you know what is going to go on for nine minutes, though? seriously, seriously, aig. >> aig. >> you know,
>>> final trade. mike? >> don't trade the miners. but i think abx valuation looks reasonable here. >> ambassador? >> yndx get out. >> mastercard still works, folks. >> karen? >> ddgi. >> josh brown? >> myl, still cheap. >> thank you so much for watching. don't forget, the cnbc exclusive with the ceo of herbalife, that's at 11:45 a.m. eastern time. we'll see you back here tomorrow for more "fast money" at 5:00. meantime, "mad money" with jim cramer starts right now. >>> i'm jim cramer. and welcome to my world. >> you need to get in the game. going out of business and he's nuts, they're nuts! they know nothing! i always like to say there's a bull market somewhere. "mad money," you can't afford to miss it. hey, i'm cramer. welcome to "mad money," welcome to cramerica. other people want to make friends, trying to save you a little money here. my job's not just to entertain, but to educate, teach you how the market works. call me at 1-800-743-cnbc. the script right now says the companies are supposed to be performing horribly. we're supposed to be geared for disappointment. which makes
are not going to want to come as somebody's deputy. i don't know how they're going to fill out the lew treasury department, but i expect they will take some care and attention to tending those relationships. but when you look at the big guns on wall street, they're not going to go in as somebody's number two. >> john, was jack lew the first and only choice? >> that's been the principal focus of speculation from the beginning. i remember having a conversation with roger altman who is a friend of this program and somebody that served in the clinton administration about after the election how the president was going to fill out his cabinet. and he said if you look at the pattern that this president has followed, it has tended to pick people close to him who he feels very comfortable with. the criticism of president obama from some is that he's insular and that he has a very close circle. the positive of that is that it's a pretty cohesive group and he deals with people that he's comfortable with. and jack lew is clearly one of those people. >> you know, john, i know when you read the "new york tim
down to it ♪ ♪ hit me with your best shot ♪ why don't you hit me with your best shot ♪ ♪ hit me with your best shot, fire away ♪ ♪ imus in the morning ♪ >> welcome to our brave new world of entitlement, it starts when you are very young. good morning, everyone. the taxpayer now feeds one in four of our nation's children. 20 million youngsters get food stamp benefits. we've never seen this before and the numbers are rising. the gun summit today. expect action soon. joe biden warns that the president may bypass congress to get something done. watch out for an executive order. niss nissan, a japanese company gets a 1.4 billion dollar loan from the taxpayer. the electric car, the leaf, gets the money. and please, look at this, if jack lew is confirmed as treasury secretary, this will be the signature you see on the dollar bill. looks like a printing. "varney & company" is about to begin. joe doesn't know it yet, but he'll wk his way up from busser to waiter to chef before opening a restaurant specializing in fish and me from e great northwest. he'll start investing early, he'
. >> what do you think emac? >> i don't li. buy it on weakness. it is too high right >> we are in a new year and not sure how people are going to be buying things. walmart is one of those stocks that always seems to do well. >> it was basically had a weak performance in the holiday shopping as all brick and mortar stores about. buy it on weaess. >> i think it is it a great choice. keep an eye on the earning's report. >> should we be concerned with the earnings or buy it now? >> buy on weakness . then they may pop. s for watching, have a great weekend. ♪ >> forget the rich. did this week's cliff deal throw poor people over the cliff. nonprofits think that folks will think twice about the charity. did the lawmakers punish the poor? i am cheryl casone, and welcome to cashin' n welcome to all of you. i want to start wutracey. did you think the deductions would hurt poor americans. >> i think everything that happened with the cliff would help lower income in particular. but contributions, cheryl,s threshold was lowered and that means more people are going to not going to deduct things on the sc
to focus on first. >> well, i don't know that he's going to have much choice. he only has 16 months to governor before everyone starts running for president and no one is listening again. i think he does see some room for compromise over on pennsylvania avenue on that issue. but gun control has been just dropping it's ahead. the country is crying out about that more than anything else. i think he'll wind up doing both of those at once and that will be a tough road. >> john: gun control is an issue that democrats say people have hit the snooze button on since the 90s. can they get gun control through this congress. >> to be honest with you, i don't know what he can get through this congress. i think he can chip away a little bit at it, but i do think that if--i mean, if he tries to do--i think what vice president biden said today that's going to be one of the interesting things about the second term is the newly activated biden 2000. this guy has turned into a negotiating device at the president's hand. if they do try to do something by executive action you will hear heads explode. >
guns. part of our problem in this country is we don't know how to discuss this issue in terms to get agreement rather we often talk about this issue in terms that sets us apart. >> john: i couldn't agree more. did you find that to be the case during the meeting today? did things get heated or inflammatory? >> no. it was a very professional, adult discussion. i don't think anyone attending the meeting expected to turn the other people around and have them go mystically, my god you're right. but again, you know, we had a lot of agreement. one of the points i made was the need for serious about criminals to provide the bureau of alcohol, tobacco and firearms with the tools specifically the ninen program that mixes and finds criminals guns and suspects and uses ballistic technology to match them together and solve crimes. we've defunded this program over the last several years instead of funding it. we have things that work but sometimes they're noncontroversial and people don't know much about them. but we have to do a better job as americans in finding the things that we agree on that
, because we all know that things are actually quite worse than expected. don't they have to be? you know what? to quote marshall sam gerard, when confronted with richard kimball's i didn't kill my wife defense, in "the fugitive," i don't care about the negativity. i don't care about the pessimism, i've got to find more seagates, i've got to get more strykers and find the themes that can produce them. i've given you a few to fall back on earlier this week, housing recovery, right? the regional bank strength. the insurance stocks, the autos. >> buy, buy, buy! >> into weakness, people. people say, oh, cramer, you like bank of america, it's down -- yeah, bank of america was down, stocks that go up 100% last year, they can go down. i like them when they go down. that's the point of this article, this piece, whatever i'm doing here. these are all fertile areas that could produce the upside surprises that drive stocks higher after the market's brought them lower, and tonight i've got two new ones. first is aerospace. by now, we've all seen the stories about boeing's troubled dream liner, nothin
you so much for joining us, i'm don lemon in the cnn "newsroom." fr france's military is carrying out operations in africa. more than 100 people have been killed by french air strikes in northern mal i. france came to the aid of government in its fight. mean time in somalia, two french soldiers were killed in an attempt to free a french intelligence agent who may also have died in the raid. >>> syrian activists say government air forces are back in action, and pounding the outskirts of damascus. a week of bad weather grounded most planes. the rebels are claiming victory in the fight for an air base in the north. fighters say they seized weapons and ammunition after the battle. activists say 108 people were killed today in the civil war. >>> internet trail blazer aaron schwartz has passed away. a relative says schwartz committed suicide. he was only 26 years old. schwartz was involved with developing reddit and rss. later he dropped out of stanford university and focused on battling internet censorship. schwartz was facing legal trouble related to his activism and he had blogged about
and played -- i don't know. it was bad. >> i really went to bed. >> if i didn't stay up the previous night -- >> i know. >> you didn't stay up for it? >> i did not. and if i didn't stay up to that, i'm not staying up for some football game, i'll tell you that. >> my soap opera boys who are here. >> i was thinking about you watching the -- because we hadn't seen the actual end of season two. and i was thinking about what you're missing. there's no way you should not be watching it. >> eventually i will watch it. >> there are. >> i can watch the one that's on. i need to watch it when i -- it's like the new way people view. when you can, when you get a chance. >> did you see that michelle caruso cabrera has the third season on dvd? >> she gave me my soap. >> she did? >> she did. >> she came over the other day. you weren't there at the time, but she was going to show them off. >> yeah. >> let's start with the markets this morning, as well. the s&p retreating from a five-year high yesterday. the stocks finished the session off their lows. u.s. equities are indicated a little weaker. dow futures
checks and guns carrying near schools or giving them to minors. we don't know what strengthened and stiffened penalties. t there are a lot of loose terms. >> tucker: we don't know anything, other than the mental component would have had an impact. it's hard to see to not see this as a power grab, none of these are related to what americans are upset about. if i give my 16-year-old a shotgun, they have to register, the burden falls on people who haven't committed a crime. >> clayton: you don't have to register the shotgun now. >> alisyn: you don't have to let authorities know. >> tucker: the federal authorities. in new york state perhaps you would, but most states you don't. >> alisyn: as we know the atf has a problem with that, tasked with regulating firearms, has a problem not significanting out which gun is going where, when people give them away, sell them. if it's stolen. atf one of the agencies that called for the national data base. obviously that's controversial. people don't want to be in a data base, they want to have-- >> this came up in the wake of the shootings in au
- in for treasury secretary or does president obama have a fight on his hand? >> i don't know if you would call him a shoe-in. he is going to be touched up a bit by the republicans but he is going to be confirmed. does obama have a fight object his hands? you bet, but the fight is going to be over chuck hagel for secretary of defense. that is going to be a proxy battle between what you might call the know 0-conservatives, the bush ii folks, mccain, lieberman, lindsey graham, and the others and what hagel stands for, john, is non- interventionist foreign policy. we don't go to war unless vital interests are at stake. we put our own country first. i think this is going to be the battle royal in the coming months. >> eleanor. >> nobody is a shoe-in with the republican party that fails to defeat president obama for reelection but still seems determined to make him a failed president but jacob lew is as close to a shoe-in as there can be. the only complaint you hear is that he hasn't spent enough time on wall street, and for a lot of democrats that's actually a positive attribute. so he will be confirme
first and how that's anti-semitic i don't know and that's the issue as far as i can tell regarding the rhetoric of hagel. >> john, another issue of particular of those like me on the left is hagel's comments that he made back in 1998 opposing president clinton's ambassador or nominee to be ambassador calling him openly aggressively gay and recently apologized for the comments and you were really instrumental in getting don't ask don't tell repelled so how do people with an equality for lgbt community and square those comments with supporting hagel's nomination? >> well, we obviously were involved in supporting, you know, a lot of lgbt community, the argument is if you served in iraq and afghanistan and three times why are you kicked out when we're redeployed? i think senator hagel will support the president's policy with lgbt equality and i think that senator hagel did a great job to apologize for it. it wasn't an appropriate statement and something i agree with. when it comes down to the issues of the pentagon that's important like nuclear waste and discretionary spending in the b
." throughout history there have been kids who don't play well together. from the dawn of time... ( mammoth trumpeting ) ( grunting ) ( gasps ) ( exclaims with disgust ) buster: to the heyday of this great nation. ( cow moos ) your crops are where our cows graze! your cows are where our crops grow! ( exclaims in disgust ) buster: even in the days of your grandma and grandpa. ( grunting ) now, this i like. that's the way things have always been, and that's the way things always will be. wait! this just in ladies and gentlemen-- and you'll never believe it when i tell you! ( barks ) hey! ( whining ): look, arthur it's so hot, my hair is crying. that's sweat, d.w. last one in the pool's a rotten egg! the gate's locked. "community pool closed for repairs"?! closed?! what are we going to do?! i'm "suffer-cating" from heat. ( coughing ) water! ow, that's hot. somebody's got to have a pool we can use. what about muffy? um... maybe... we could run in grandma thora's sprinkler. yeah, but that's not a pool. i know! the tibble twins just got a new pool-- we can swi
hello earn. >>> i'm don lemon, going to get you up to speed on the headline uts. italy's council general has survived an assassination attempt. no one was injured but it was the latest attack targeting missions in the city. france's military is caring out operations in who hot spots in african. more than 100 people have been killed in northern mally. france has come to the aide of mali. two french soldiers were killed in the attempt to free a french intelligence agent who may have died in the raid. government air forces are back in action and pounding the out skirts of damascus. >> the rebels are cl s are cla victory. they seized weapons and ammunition after the battle. activists say that at least 108 people were killed today in the civil war. a relative said that aaron swartz committed suicide at the age of 26 . he had legal trouble related to his activism and had blogged about his battle against depression. at a time when the gun control debate is everywhere and showing no signs of fading. the debate will get more fuel tuesday when the obama administration releases the plan to
to bypass congress, she is giving him the power to bypass her too. you don't need a trillion dollar magic coin to realize this is nothing less than a high stakes power grab. now, it's not unusual for presidents of either party to try. it is very unusual for so many in both parts to lay down and let him do it. all right, here to hash it out, constitutional expert ilya shapiro and sabrina schafer as well as "the wall street journal"'s steve moore. steve, a disturbing series of events, to put it mildly. >> no question about it, neil. and, look, we have a three-branch system of government in washington. the president is the chief of the executive branch, that means the president doesn't make the laws, he executes the laws that congress passes. and, you know, i'm in austin, texas, today. here in texas everybody's been talking about this. what is with all these executive orders? what gives the president the authority to do this? and the one that, you know, i'm most interested in, obviously, is whether the president will try to unilaterally raise the debt ceiling without approval of congress. an
. >> stephanie: yeah, that's why i think the white house is being very reasoned about this debate don't you? the gun lobbyists are the only ones that are saying you can't talk about anything. >> caller: it comes down to the human being, and each of us knowing the difference between right and wrong. >> stephanie: right. >> caller: and the guy that killed his mom. there has got to be something more to that. it hurts me just as much as it does anybody else. >> stephanie: yeah, i agree. any decent people i think were affected by that -- >> caller: so sad. >> stephanie: right. >> caller: i try to look at both sides of the issue, and it's like -- [ sighs ] >> caller: i am one that has hold 18. >> stephanie: you have a clip. >> caller: and it's only for fun. >> stephanie: yeah. >> caller: it's just for target. i would never hurt anybody. ever. unless they come in to my home to hurt me. >> stephanie: yeah, i hear ya. there are reasonable people on both sides of the debate. remember the feral pig hunter that called yesterday said he needed a 30-round clip because myriading pigs ru
people. >> i don't quite understand why everybody would be afraid. >> it has been enough. >> the nra, which wants to be feared and respected, is not respected and should no longer be feared. >> i agree with wane lapierre, you, sir, are [ bleep ] in the head. ♪ >> another hectic day in washington and just ahead we'll have more on the president's cabinet reshuffle, including the nomination of jack lew to lead the treasury department. but, first, it is target tuesday. that's the day when vice president joe biden says he'll present his recommendations on preventing gun violence to the president. biden made the announcement as he met with hunting groups and gun advocates, including the nra. and he said a con shen sus is emerging over proposals such as expanding background checks and banning high-capacity magazines. >> you all know this is a complicated issue. there's no singular solution. but there's also things we know. we know that there are certain actions we take that have diminished, have diminished the extent of the gun violence that otherwise would be occurring in the united stat
more than birth control pills and abortion from this administration, sure not my fault. i don't support taking the life of babies anyway. and i'm okay if you want contraceptives, but since you want me out of your bedroom, i just don't know why i have to pay for what happens in there. that's my view. [ applause ] well, joining me now conservative columnist and founder of the center for urban renewal and education please welcome star parker. [ applause ] >> hi, governor. hello there. how are you? i think most people agree people ought to be appointed on the basis of merit. but the point of what i was saying, there has been a lack of diversity for all the promises made. does that ring a little hollow in some of the things he said? >> well, we know that he conforms to whatever people outside of his circles say, but i think on this one it is his did i strers city plan. the discrimination that has gone on against rich white males last four years of affirmative action maybe he feels sorry for them, i don't know. [ laughter ] what's going on. >> maybe it's a new level. >> it's a new level of qu
levels from top to bottom. when we talk about organizing a around a singular principal, i don't think the solution is necessarily to consolidate around existing labor movements. it is not necessarily to formulate a third party platform. the solution is to use these tools and use these bodies in order to consolidate power and to use that power to challenge the way in which decisions are made fundamentally. >> i would like to have time for questions from the audience. please go to one of the of mikes so it can be sure to hear you. i will alternate between mikes as long as we have people at them. >> do you think cooperation does not work in this country because people do not know what it means? non-cooperation, civil disobedience. >> and if not, why not? >> in this country. i believe it should work, that is the only way to help in this country, but it does not really work. >> it works, if you get the numbers. the important thing is about building numbers. and sustaining it. but it certainly works. worked in the labor movement. the problem is it destroyed all of the radical movements. i w
you have to - on >> john: would you support the debt ceiling. >> i don't support not dealing with the program. this whole, the way this town works and the fiscal cliff deal, the only winners were washington, they got more money and the folk necessary ohio lost rev snaul business owners had money taken from them. politicians in washington win. 10 or 7 of the 10 wealthiest counties are in the dc area . mr. van hollen res one of those areas it is about time to say stop the madness and cut up the credit card and we want a solution. >> guest: a couple of points. sequester was replaced two months and not kicked down the road. >> guest: it was kicked down the road. >> guest: no, jim, you have to get the facts straight. >> guest: i have them straight. >> guest: we have 24 billion in deficit reduction. halfful it was cut and the model going forward is to continue to do balanced approach of cuts and revenue. america didn't go over the fiscal cliff. i know you voted not to go over the fiscal cliff. >> guest:ip voted not to raise taxes on anyone. the president could have stopped it you w
on a budget barack obama says give us a new credit card and by the way, harry reid you don't have to pass a budget in three years. this is crazy. >> would you support this year letting the debt ceiling deadline last? >> what i won't support is not dealing with the problem. americans sent us here to deal with the problem. the way this town works this fiscal cliff deal the only winners in the fiscal cliff deal were washington. they got more money. the folks i represent in the fourth district of ohio they lost revenue, small business owners had money taken from them. washington always wins and the politicians and consultants and folks here always win. 7 of the 10 wealthiest counties in the country are in the d.c. area. mr. van hollen represents one of those. this area regular americans lose and it is about time we said stop this madness and cut up the credit cards and we want a solution not another washington deal which helps d.c. >> a couple of joints, john. first of all, the sequester was not kicked down the road. it was replaced for two months -- >> replaced means postponed which is what
look like hitler have we been so -- i don't know why. wal-mart was too busy to meet with the vice president, but now they changed their mind. >> yeah, they found some time. >> stephanie: they had a thing with a guy, and i'm guessing the guy was wayne lapierre. >> what? >> good morning, everybody president obama will announce he is nominating jack lou as his new chief secretary. lou most recently a chief of staff deeply involved in administration negotiations over the fiscal cliff and raising the debt ceiling, the latter being a congressional fight with republicans. he is also going to have to kind a way to fight the automatic spending cuts. hilda solis has announced she was stepping down. she was the nation's first hispanic to hold that cabinet position. she appeared on bill press monday and gave no indication at the time that she might be leaving so long. >> i'm here today. i enjoy working with everybody. >> her departure adds to the mounting criticism of the obama administration for now seeming to stack its cabinet with men. all of the recent nominations are whit
you can locate people. you don't talk about a settlement really at the moon, but more and more people that i know that are aware of the economics, aware of history and what this country needs will agree with me that if you go to mars, you go there for permanency. if you go once and come back, go twice and come back i can tell you the senate will find out some other way to spend that money and we will have wasted everything we did. it's a government, conagra's that works on short term objectives to help keep their constituents satisfied by bringing home the bacon to get elected. [inaudible] [laughter] >> from the lead to president kennedy played a role in developing nasa and the space program. where were you when you heard the news and what was your impression of his leadership? >> i was at mit, and i thought there's a very positive statement. after i knew what the mercury program had been set as objectives. in april of 611th, what could we do? may 5th ellen shepherd went up and down. several like richard branson's project. it wasn't a flight. 20 days later, the president said we shoul
,some -- somewhere between 3 and 8 million more will lose their homes if we don't do something. it's not in the rearview mirror, in fact, it's out in front of us. there's lots of con we think sos, obviously. first and foremost, it's the families themselves who are disrupted and taken from their homes, and it's worth just thinking about these numbers for a second. i mean, we're talking about three or four or five million more families, that's as many as 20 million more americans. why it's a problem, mike also alluded to, when you're underwater, your behavior changes. you don't spend as much money on anything. the only thing you consume more of, by the way, is health care. because under the stress, you find when you look at those numbers, that's the thing that goes up. so the costs are significant both to the family, but i'd argue to society and, obviously, to the communities in which these people live. foreclosures cost both hard dollars and soft dollars. there are property tax issues, so i say the consequences are felt by all of us. >> mr. miller, do you have anything to add to tha
, practically, whatsoever. >> i don't want to throw any water on that, but historically, budget estimates, aren't they sometimes looked at as just being kind of widely optimistic? >> well, they vary. some are more wildly optimistic than others. i think we'll know more about that. the legislative analyst's office is going to put out its overview of the governor's budget next week. i'll be delving into it more deeply in the weeks to come. what we don't have is a lot of the sort of smoke and mirrors tricks, accounting tricks that were used to balance budgets in past years. not so much under jerry brown, but in recent memory. i won't name me names. this seems to be a bona fide projection. now, there was some raising of the eyebrows yesterday because the lao, the legtiislative analyst's office projected we might have a $2 billion deficit that needed to be fixed. jerry brown's budget does not show that. mainly because he's repaying loans from other pots of state money that were used to balance the general fund more slowly than the analysts anticipated and he also anticipates collecting considerably m
don't seek portfolio protection if you have concerns about the market. 3m, my final trade. i like pete's quality. >> i think can you stick with apple here. i think the stock is acting fine. but my final trade is ebay. i think the stock goes a lot higher. >> dow is up 55. s&p up 3. more earnings after the bell today. big bank earnings next week. catch more "fast money" tonight. follow me on twiter. "power lunch" is all over the markets for the next hour and that show is going to begin with bill. i mean, with tyler. and sue. right now. >> "halftime" is over. the second half of the trading day starts now. >> bill griffith often imitated, never duplicated. i'm tyler mathis. it is an hour of power filled with questions and answers. here are three for you right now. first, will white house chief of staff jack lou be the next second? lot of people saying yes. well get you the answer. second, you can bank, or can you, on solid earns on the solid sector? we will have the answers on the biggest of the banks and how bad is it for boeing? how much damage will the recent run of problems for the so-
council to recapture liberty and change the hearts and minds. you are the leader. >> don't settle. lived better. live free. john: no more than 2 million understand >>. >> gregg: going from bad to worse, a severe deadly strain of flu is spreading cast the united states and officially hitting epidemic levels. widespread cases reporting in nearly every states. i'm gregg jarrett. welcome to america's news headquarters. >> jamie: i'm jamie colby. so the death toll grows. cdc releases numbers, 20 children have died and overall there are now 27 dead in minnesota, 22 in pennsylvania, 18 in massachusetts, 8 in oklahoma and six in illinois. nationwide the grim total may be higher since not all of the deaths are initially reported as linked to the flu. anna is following all this develop by the hour. live in the new york city newsroom. >> reporter: officials say the flu outbreak may be slowing, cuomo declared a state health emergency. flu has been reported in all states, 57 counties and all five boroughs. boston has been hit particularly hard. death toll stands at six including a child under the age
about understanding the flaws in our criminal justice system in a way that i don't think had ever been, you know, very real to folks. and that was a critically important piece or contribution, i this i, of -- i think, of the cases. ultimately, kind of fast forward, governor rick perry pardoned my clients and exonerated them, but the reality is that that several of my clients left prison suffering from severe depression upon their release and developed very significant, um, issues after having been imprisoned wrongfully for four years. i remember calling and desperately trying to find a drug treatment for four of my clients who were living in their cars without any place, they couldn't get jobs because everyone, despite the exonerations, were still convinced they were guilty. and i remember calling around to the only drug treatment center for indigent folks, for poor folks in west texas and being told that probably i should get them reincarcerated because there in prison they were actually able to get treatment. and the absurdity of that was apparent to me. it was harder to find a treat
. saying this would not be good for alcoa. options markets with a 40-cent move, don't know what the stock is doing but it seems i am wrong and the market is wrong, it must be higher. sandra: global aluminum demand forecasting it to be up 7%, larry, in 2013. that is a big turnaround from the demand we have seen. it is a really good indication to the economy pointing to an improvement in the economy. >> they are implying 6% to 7% demand growth. what is more important is supplies are even higher and beyond that it is really strong. aluminum still not trading. we will still see the utmost production of aluminum creating a bigger supply, longer and longer to see stocks. ashley: after hours up about $0.16 on the bid. do you see a lot of movement to the upside when it opens tomorrow? >> probably so. given the options market implied $0.40 move it seems a little bit more upside. i would still be a seller right now, a little rich given the price of aluminum will stay low. a little more upward momentum is in order for tomorrow morning. sandra: we will get to you when the s&p futures close. maybe cou
know, i was so engrossed in it. i don't want to intimidate you all. >> you have no idea who won, do you? >> looks like the redskins. my dad was watching. he loves football. >> willie, here's the deal. you have dr. james andrews from my hometown. >> yep. >> and he's on the sidelines. and you've got the franchise player. and he's -- and shanahan did this earlier in the year. the guy gets hurt. shanahan shoves him back onto the field. you've got a rookie quarterback who, of course, is going to want to go in and play. that was just reckless, reckless negligence, not with a guy in his final year, but a guy in his first year who's your franchise player. i'm telling you, man. shanahan is taking too many chances with this great player. i mean, i think that's almost a fireable offense. he was hurt. >> it was awful. it was really hard to watch. it was like watching a fighter who's got one eye closed. he can't move his left arm. and of course, he wants to stay in the ring. he wants to show he's got guts, he's got courage. somebody, the guy in the corner, the doctor, has to step in and say he shoul
gave to the a.f.l.c.i.o. in 1961. we don't need two movements. if you would agree to desegregate unions, we would have one movement. they rejected him and rejected that offer. andy young tells a story in the introduction to a book called "the closing door" and he says, you know, after king was assassinated, the johnson administration came with affirmative action and at the time, you may have read if not remembered, the civil rights movement, martin luther king had turned to full employment and poor people's campaigns as a principal demand. and the johnson administration, rather than coming up with full employment came up with affirmative action. you won't see eyes on the prize, black people marching on the street demanding affirmative action. they were demanding full employment and trying to reach out to whites, latinos, native americans, that was the division. when affirmative action happened, we knew it would only help the upper middle class within the black community, a very small percentage of african-americans kids were going to go to these elite colleges that affirmative action wa
don't come crashing against american shores. tom forman, cnn, stevensville, maryland. >>> that's it for us, thanks for watching. "early start" begins now. >>> sick day friday. doctors struggle to control a fierce flu outbreak spreading through offices and job sites. >>> hero in the classroom this teacher is one of two staffers who stared down the barrel of a shotgun and talked a school shooter into giving up. >>> and this size says it all. severe storms leave parts of one southern state completely unwater. good morning. welcome to "early start." i'm john bermman. >> it is friday, i'm zoraida sambolin. it's friday, january 11th. up first, the fast-spreading flu now officially an epidemic. the flu season has come early, hit really hard. nearly two dozen children have died. widespread activity reported in more than 40 states as well. boston's mayor just declared a citywide emergency because of the flu. and now a leading health official acknowledging the outbreak has reached a new level. >> if you look at the charts that the cdc put out on their website, it clearly has gone above t
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